OPEC sees global oil demand growth slowing in 2023
World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and...
OPEC
Saudi, OPEC may make up for Russian oil output loss as Biden visit looms
Saudi Arabia and other OPEC members may boost oil output to offset a drop in Russian production, a move that could take some pressure off...
Nigeria and Angola responsible for almost half of OPEC+ oil supply gap
Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting...
Why NOPEC, the US bill to crush the OPEC cartel, matters
A US Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and...
Lukoil’s Alekperov, supporter of Russia-OPEC ties, resigns
Vagit Alekperov, a former Soviet deputy oil minister and a supporter of close ties between Russia and OPEC, has resigned as president of Russia’s second-largest...
How much extra oil could OPEC+ pump to cool prices?
Saudi Arabia and the United Arab Emirates are among the few oil producers globally with spare capacity they could draw on quickly to increase output,...
OPEC+ expected to stick with planned Feb output increase, sources say
OPEC+ is expected to stick to its plans to increase output in February when it meets on Tuesday, seeing a mild and short-lived impact on...
OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says
The head of Russia’s No. 2 oil producer Lukoil (LKOH.MM) said that oil prices of $65-$75 were “comfortable” for consumers and that the OPEC+ group...
Egypt’s GDP growth at 7.7 per cent in fourth quarter
Egypt’s gross domestic product (GDP) grew 7.7 per cent in the March to June quarter compared to a 1.7 per cent contraction in the same...
Oil climbs while OPEC+ considers output increase
Oil rose almost $2 on Thursday, supported by the prospect of strengthening demand, lower US stocks and a Reuters report that OPEC+ producers could increase...
